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Company Boosts Bookings with Double-Digit Revenue Growth Over Same Period in 2015, Marking Best Revenue Quarter in ExaGrid’s History
WESTBOROUGH, MA – July 12, 2016 — /BackupReview.info/ — ExaGrid®, a leading provider of disk-based backup storage with data deduplication solutions, today announced that it is continuing its rapid growth in the disk-based backup storage market with record revenue in Q2 2016. ExaGrid grew revenue with double-digit growth over the same quarter a year ago, making it the best revenue quarter in the company’s history and the company’s tenth consecutive cash positive quarter. ExaGrid also booked a record number of six-figure new customer opportunities as the company continues to push further up market into the enterprise.
“ExaGrid is continuing to grow faster than the overall disk-based backup market and as a result is growing its market share position,” said Bill Andrews, CEO of ExaGrid. “ExaGrid believes it is the only storage company that is growing at a double-digit rate while maintaining a cash positive position quarter after quarter. ExaGrid’s systems scale to a one petabyte full backup in a single scale-out GRID with an ingest rate of 200TB/hr. while delivering the fastest restores and VM boots due to its unique landing zone and scale-out architecture. As a result, ExaGrid is replacing larger EMC Data Domain installations at an increasing rate.”
In Q2 2016, ExaGrid booked a record number of six-figure new customer opportunities as ExaGrid continues to push further up market into the enterprise. In larger data centers, ExaGrid’s unique scale-out architecture and landing zone shorten backup windows due to an ingest rate that is three times faster than that of its closest competitor and can restore a backup, boot a VM, or make an offsite tape copy up to ten times faster.
In addition to the financial milestones of record revenue and continued cash positive status, ExaGrid announced the following quarterly milestones:
“ExaGrid is the only company in the space that assigns level 2 support technicians to customers so that each customer deals with the same senior support person all the time. Customers rave about our support model,” said Andrews. “As a result, ExaGrid saw a record number of repeat order bookings in Q2 2016 as customers continue to expand their ExaGrid footprint.”
ExaGrid is a registered trademark of ExaGrid Systems, Inc. All other trademarks are the property of their respective holders.
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